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20130104
20130112
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the right to print money. however the treasury and tim geithner can mint a coin. they can walk over to the federal reserve, deposit in the federal reserve and then all of our debts would be erased. any economics 101 would say that is not the way to run the government. you would have crazy inflation in this case is what is crazier than the 3 trillion-dollar coin is the debt ceiling. congress has always raised the debt ceiling. only how have they fought the white house. well, it's for debt that the congress has incurred. it has to go up. the idea that this 3 trillion-dollar county could get them back the debt ceiling on a technicality is something that makes sense. >> cenk: so it's an absurd idea. understand first of all if they're not going to put it into circulation. if they put it in circulation then they would have inflation. but if they're not going to put it in circulation then what is. this all about? i guess it's the technicality to say technically we still have money. but if you had to actually use it. >> it means that they don't have to issue t-bills or auction off treasury
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